SS: When President Donald Trump announced a deal last week to exploit Pakistan’s “massive” oil reserves, Pakistanis were puzzled. Governments here have dreamed for decades of finding and extracting enough oil to turn around the country’s economic fortunes, but none of their attempts have succeeded. The U.S. Energy Information Administration (EIA) has estimated that Pakistan might hold 9.1 billion barrels of recoverable oil — a figure cited frequently by Pakistani officials to court foreign investors. But these reserves have not been proved, cautioned Afia Malik, an energy researcher here. Trump suggested that new investment would come from private U.S. sources. The most ambitious attempt ended in 2019, when a consortium that included ExxonMobil searched off Karachi but found no oil or gas deposits.Some suspect Trump is sending a message to neighboring India, Pakistan’s more populous and more economically influential archrival. While some here doubt that Pakistan is a priority to Trump, officials say they have noticed an improvement in relations with Washington. The renewed American interest in Pakistan, some analysts suspect, might be less about oil than access to minerals and rare earths.But as with oil, most of Pakistan’s mineral deposits are unexplored and could be difficult to exploit. Islamabad is concerned about the rising militancy of the Pakistani Taliban in the northwestern province of Khyber Pakhtunkhwa. Separatist groups in the southwestern province of Baluchistan, meanwhile, are escalating their fight against the government.
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SS: When President Donald Trump announced a deal last week to exploit Pakistan’s “massive” oil reserves, Pakistanis were puzzled. Governments here have dreamed for decades of finding and extracting enough oil to turn around the country’s economic fortunes, but none of their attempts have succeeded. The U.S. Energy Information Administration (EIA) has estimated that Pakistan might hold 9.1 billion barrels of recoverable oil — a figure cited frequently by Pakistani officials to court foreign investors. But these reserves have not been proved, cautioned Afia Malik, an energy researcher here. Trump suggested that new investment would come from private U.S. sources. The most ambitious attempt ended in 2019, when a consortium that included ExxonMobil searched off Karachi but found no oil or gas deposits.Some suspect Trump is sending a message to neighboring India, Pakistan’s more populous and more economically influential archrival. While some here doubt that Pakistan is a priority to Trump, officials say they have noticed an improvement in relations with Washington. The renewed American interest in Pakistan, some analysts suspect, might be less about oil than access to minerals and rare earths.But as with oil, most of Pakistan’s mineral deposits are unexplored and could be difficult to exploit. Islamabad is concerned about the rising militancy of the Pakistani Taliban in the northwestern province of Khyber Pakhtunkhwa. Separatist groups in the southwestern province of Baluchistan, meanwhile, are escalating their fight against the government.